The South Korean handset maker will unveil its new Android-based Galaxy phone at a London event later on Thursday.

The UK economy will return to growth in the second half of 2012, the CBI says, but it has cut its forecast for the year as a whole.

Singapore's Temasek Holdings is seeking to sell $2.4bn (£1.3bn) worth of its shares in Bank of China and China Construction Bank.

Consumer group the Campaign For Real Ale wants more to be done as 12 pubs shut down across Great Britain every week.

US Treasury Secretary Timothy Geithner urges China to change its export-led growth policy and increase domestic consumption.

AirAsia and Malaysian Airline System have scrapped their proposed share swap deal amid pressure from the workers' union at the national carrier.

House prices are in gentle decline, the latest survey from the Nationwide suggests, with prices down 0.2% last month.

The UK's fourth largest supermarket chain, Morrisons, says it "remains cautious" after reporting a fall in underlying sales.